The value of X, formerly known as Twitter, continues to dwindle.
A newly released disclosure report from Fidelity’s Blue Chip Growth Fund, which has an equity stake in the social media company, has once again adjusted the value of that holding. And by Fidelity’s calculations, the site is now worth less than 25% of the $44 billion Musk paid for it.
When Musk bought Twitter, Fidelity invested $19.66 million. As of the end of July, it says, those shares were worth just $5.5 million.
That puts […]
X is now worth less than 25% of what Elon Musk paid for it – Yahoo Finance